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Design District Free-Standing Building 245 NE 37th St 7,132 SF Office Building Miami, FL 33137 $17,500,000 ($2,453.73/SF)

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Investment Highlights

Free Standing Miami Design District Building

Transit Oriented Infill Development Site

Executive Summary

DWNTWN Realty Advisors has been retained exclusively by ownership to arrange the sale of 245 NE 37th Street, a rare Design District offering featuring a fully renovated creative studio building with exceptional optionality and long-term redevelopment potential. Situated at the convergence of the Miami Design District, Midtown, and Wynwood, the property delivers irreplaceable positioning in one of Miami’s most supply-constrained and highest-growth commercial corridors. The existing improvements — thoughtfully reimagined by Oppenheim Architecture — provide a turn-key creative environment ideal for luxury brands, design firms, content creators, or showroom operators seeking immediate presence in Miami’s most influential commercial district. With high ceilings, multiple studio bays, conference and production areas, and premium design elements throughout, the asset offers both functional usability and architectural distinction. Beyond its current use, the property sits on a uniquely efficient site with flexible zoning and significant development upside, supported by the surrounding wave of mixed-use, residential, and commercial projects reshaping the area. Investors benefit from multiple exit strategies: occupy, lease and hold, or pursue future redevelopment in a submarket where land values continue to accelerate and institutional demand remains strong. This is an exceptionally scarce opportunity to acquire a boutique Design District asset with immediate utility, brand-elevating architecture, and long-term value creation potential in one of the most dynamic urban markets in the United States.

245 NE 37th st -Miami Design District Free-Standing Building with Land_compressed (4)

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Loft/Creative Space

Building Size

7,132 SF

Building Class

Year Built

1951

Price

$17,500,000

Price Per SF

$2,453.73

Tenancy

Single

Building Height

2 Stories

Typical Floor Size

3,566 SF

Building FAR

0.86

Lot Size

0.19 AC

Zoning

T6-12-O

Parking

14 Spaces (1.96 Spaces per 1,000 SF Leased)

Security System

Storage Space

Air Conditioning

Smoke Detector

Major Tenants

Professional, Scientific, and Technical Services
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Oppenheim Architecture explores the potential of a site as archeologists searching for the code that will unlock the vision of a project. The soil, the colors, the landscape, the winds, and the movement of the sun are all elements that are discovered, studied, and considered while shaping the design and, more importantly, the experience of a building. They work with native materials that are available in the surroundings and treat them in an honest and truthful manner, creating spaces that compel you to see, feel, and experience. Whether powerful in the cityscape or silent in the landscape, their buildings feature a sense of drama and monumentality—a combination of powerful gestures and quiet moments that are both impactful and contemplative. Through the shaping of materials and attention to proportion, they look to seamlessly integrate poetics and design into a meaningful moment, a transcendent but purposeful architectural expression embodying beauty and elegance.